从经济学角度看“经济适用房货币补贴政策”的弊端

从经济学角度来看,经济适用房货币补贴政策不但会对普通住宅市场产生冲击,而且对单个家庭效用也不具有可持续性,同时还避免不了逆向选择和道德风险的问题。因此,经济适用房货币补贴政策的推行,利少弊多,应当＂慎用＂。     

Contested Continuity: Competing Explanations of the Evolution of the Corporate Form

The history of the electric utility industry provides the occasion for testing competing explanations of the emergence and persistence of the corporate form. This industry, characterized by capital intensity, intense competition, and attractive investment opportunities — along with rapid technological change as well as legal and regulatory changes — provides lessons for newer industries with network externalities. Drawing on the work of institutional economics and business history, I examine the evolution of the electric power industry in the US to test competing explanations of choices of finance and technology.     

后金融危机时期国有企业如何实现利益最大化

本文对后金融危机时期,国有企业如何实现利益最大化提出了自己的一些见解。     

Testing for rationality: the case of discrete choice data

When working with micro data on consumer demand, there are many different situations where decisions involve only discrete choices. In this context, conditions under which an underlying rational preference structure exists are derived. Moreover, by introducing flexibility into the model, it is possible to identify nonrational behavior in the sample.     

Do young women trade jobs for marriage? A skeptical view

This paper takes a skeptical view of the theory that the slight decline in young women's labor-force participation from 1985 to 1990 can be explained by the fact that there are fewer women now in their early twenties than there are men in their late twenties so that women currently have more bargaining power in the marriage market than men do.The paper argues that the assumption behind this theory, that for women marriage and employment are substitutes, is outmoded. It also contends that the theory leaves out the importance of full-time schooling as an activity alternative to employment and that in fact the increase in full-time schooling among young women has been much greater than the slight decrease in their labor-force participation.Several questions are raised about the statistical test of the theory and also about the reasons why the Wall Street Journal ran a front-page article on the slight decline in young women's labor-force participation and featured the marriage market theory as an explanation for this purported new trend.     

Benchmarking real-valued acts

A benchmarking procedure ranks real-valued acts by the probability that they outperform a benchmark β which may itself be a random variable; that is, an act f is evaluated by means of the functional V(f)=P(fβ). Expected utility is a special case of benchmarking procedure, where the acts and the benchmark are stochastically independent. This paper provides axiomatic characterizations of preference relations that are representable as benchmarking procedures. The key axiom is the sure-thing principle. When the state space is infinite, different continuity assumptions translate into different properties of the probability P.